Islamic Bank of Bitcoin{}بنك بتكوين الاسلامي

[sadpandatech]

ok , that was quick 

done I will pay dividends now

=(  I was gonna cancel my buy orders and jsut buy at market if they were not filled by the 30th. oh well..

[1714968402]

1714968402

[1714968402]

1714968402

[k]

The last dividend looks nice, how come it was so large? Is it just a once off for some special reason?

Also I think there may be an error in the payment date, the last 2 dividend payments are listed as 30/11/11.

thanks

[k]

The last dividend looks nice, how come it was so large? Is it just a once off for some special reason?
Also I think there may be an error in the payment date, the last 2 dividend payments are listed as 30/11/11.
thanks

Last dividend was large due to high amount of gratuity (on loans), also sold some shares, you can look at the previous report in page 19.

sorry missed those details on the previous page. thanks.
some very nice gratuities in the last period . Seems to be working well. Good luck.

[senbonzakura]

Report February 2012

Income / Revenue

• shares/dividends 0.825 BTC
• Gratuity = 0.10 BTC
• Last Report= 1.04163496 BTC

Loans

• -------------------------------Repaid----------------------------------------------------------------------------------------
• 6 BTC loan to JackRabiit payback - 13/2/12 https://bitcointalk.org/index.php?topic=62601.0 {paid back + 0.10}
• --------------------------------Default---------------------------------------------------------------------------------------
• none

Donation:-
0.198
2.67
0.20

Expenses:-
0

total =5.03463496 net profit/revenue->$25.17 @ current market rate
{6.5057277 BTC dividends paid on 30/8/11} (6.5057277/1000=0.0065057277 per share)
{2.0077597 BTC dividends paid on 30/9/11} (2.0077597/1000=0.0020077597 per share)
{2.0065126 BTC dividends paid on 01/11/11} (2.0065126/1000=0.0020065126 per share)
{1.2988600 BTC dividends paid on 30/11/11} (1.29886/1000=0.0012886 per share)
{10.30000000 BTC dividends paid on 26/1/12} (10.30000000/1000=0.0103 per share)

Dividends will be paid on 29th February -5.00000000 BTC will be paid (5.00/1000=0.00500000 per share)

[senbonzakura]

{Dividends} Statement Release 29/02/12

IBB shares 0.2999 BTC 29/02/12.
5.00 BTC in total will be paid out in dividends to 1000 shareholders, each share will receive 0.005 BTC.
CEO
IBB - Islamic Bank of Bitcoin
www.ib-bitcoin.com

[Nefario]

I mentioned IBB at my talk at TEDx in Leeds today.

https://twitter.com/#!/imran/status/174953830956539906/photo/1

[nedbert9]

A Buddhist , an atheist or a christian could do the same, i.e non-interest based banking. It doesn't have to be a 'muslim' thing or an 'islamic' thing. If Christians followed the bible, there maybe would be many non-interest based banks. The core basic principles are not dealing with pork, alcohol, arms,interest based businesses etc.. which jews/christians/muslims believe is good for society.

I think 0% interest loan is good whether its a 1000 year old thing or not. Good in the past, good in the present, good in the future.

In terms of principle I agree that no usury/interest is honorable.

In terms of the need of modern entities to gain access to money I believe that interest based banks do provide a service.

Though the financial industry, typically, embodies pomp and "earns" huge profits.

Does the financial industry represent a level of greed that is immoral.

[Nefario]

I'm just after getting back from London(gone since Tuesday), charts.glbse.com is not showing any updates since the 12th.

For the moment, all the latest trades for GLBSE can be found on it's twitter feed here.

I'm contacting the operator of charts to find out what the story is.

Nefario

[senbonzakura]

Report March 2012

Income / Revenue

• shares/dividends 0.915 BTC
• Gratuity = 5.15 BTC
• Last Report= 0.03463496 BTC

Loans

• -------------------------------Repaid----------------------------------------------------------------------------------------
• 6.5 BTC loan to JackRabiit payback - 8/3/12 https://bitcointalk.org/index.php?topic=66717.0 {paid back + 0.20}
• 5.0 BTC loan to   Psy   payback - 8/3/12 https://bitcointalk.org/index.php?topic=66871.0 {paid back + 0.25}
• 1.0 BTC loan to Jakel-s payback - 11/3/12 https://bitcointalk.org/index.php?topic=54048.0 {paid back}
• 3.0 BTC loan to crosby payback - 13/3/12 https://bitcointalk.org/index.php?topic=67128.0 {paid back + 0.50}
• 5.0 BTC loan to zer0 payback - 16/3/12 https://bitcointalk.org/index.php?topic=68639.0 {paid back + 1.0}
• 10 BTC loan to dank payback - 25/3/12 https://bitcointalk.org/index.php?topic=67298.0 {paid back + 0.20}
• 6 BTC loan to bcjunkie payback - 26/3/12 https://bitcointalk.org/index.php?topic=73995.0 {paid back + 1.0}
• 5 BTC loan to zer0 payback - 30/3/12 https://bitcointalk.org/index.php?topic=73993.0 {paid back + 2.0}
• --------------------------------Default---------------------------------------------------------------------------------------
• none

Donation:-
5.621
Expenses:-
9x MergedMining shares 1.26
15 MergedMining shares 2.235
21 MergedMining shares 3.2969998
2x BTCSYN shares 0.50

total =6.18963516 net profit/revenue->$24.80 @ current market rate
{6.5057277 BTC dividends paid on 30/8/11} (6.5057277/1000=0.0065057277 per share)
{2.0077597 BTC dividends paid on 30/9/11} (2.0077597/1000=0.0020077597 per share)
{2.0065126 BTC dividends paid on 01/11/11} (2.0065126/1000=0.0020065126 per share)
{1.298860 BTC dividends paid on 30/11/11} (1.29886/1000=0.0012886 per share)
{10.30000 BTC dividends paid on 26/1/12} (10.30/1000=0.0103 per share)
{5.00000 BTC dividends paid on 29/2/12} (5/1000=0.005 per share)

Dividends will be paid on 31th March -6.000 BTC will be paid (6.00/1000=0.00600000 per share)

[senbonzakura]

{Dividends} Statement Release 31/03/12

IBB shares 0.45 BTC 31/03/12.
6.00 BTC in total will be paid out in dividends to 1000 shareholders, each share will receive 0.006 BTC.
CEO
IBB - Islamic Bank of Bitcoin
www.ib-bitcoin.com

[senbonzakura]

Report April 2012

Income / Revenue

• shares/dividends 1.48667908 BTC
• Gratuity = 0.40 BTC
• Last Report= 0.18963516 BTC

Loans

• -------------------------------Repaid----------------------------------------------------------------------------------------
• 6.0 BTC loan to tgmarks payback - 15/4/12 https://bitcointalk.org/index.php?topic=74797.0 {paid back + 0.40}
• 20.0 BTC loan to malavita payback - 1/5/12 https://bitcointalk.org/index.php?topic=75697.0 {paid back + 2.0}
• --------------------------------Default---------------------------------------------------------------------------------------
• none

Donation:-
16.73141592
Expenses:-
6x MergedMining shares 0.8605

total =20.00323016 net profit/revenue->$91.09 @ current market rate
{6.5057277 BTC dividends paid on 30/8/11} (6.5057277/1000=0.0065057277 per share)
{2.0077597 BTC dividends paid on 30/9/11} (2.0077597/1000=0.0020077597 per share)
{2.0065126 BTC dividends paid on 01/11/11} (2.0065126/1000=0.0020065126 per share)
{1.298860 BTC dividends paid on 30/11/11} (1.29886/1000=0.0012886 per share)
{10.30000 BTC dividends paid on 26/1/12} (10.30/1000=0.0103 per share)
{5.00000 BTC dividends paid on 29/2/12} (5/1000=0.005 per share)
{6.00000 BTC dividends paid on 31/3/12} (6/1000=0.006 per share)

Dividends will be paid on 30th April -2.00 BTC will be paid (2.00/1000=0.00200000 per share)

[pekv2]

Ty, sen.

[John (John K.)]

Dividends will be paid on 30th April -2.00 BTC will be paid (2.00/1000=0.02000000 per share)

Aren't 2/1000 = 0.002 ?

[Sukrim]

Maybe you could allow deposits (= web wallet service) and then allow people to put up loan requests that can be filled by someone or several people that have done deposits? This way you wouldn't have to worry about scams (that I personally believe to be inevitable) but still can facilitate 0% loans.

[senbonzakura]

{Dividends} Statement Release 30/04/12

IBB shares 0.40 BTC 30/04/12.
2.00 BTC in total will be paid out in dividends to 1000 shareholders, each share will receive 0.002 BTC.
CEO
IBB - Islamic Bank of Bitcoin
www.ib-bitcoin.com

[Sukrim]

No, customers could look at loan requests and decide for themselves to fill them, maybe similar to kiva.org.

[Gabi]

How did he manage to fuck the thread title? 

[bitstarter]

Love it! got my bits of bitcoin and I love the tracking aspect of loans great job!

[Danijel Habek]

Thans for the invite and bits!

When you apply for a loan, does it adds up to your balance, or it is instantly sent to your wallet address?
I couldn't try it because I don't see the "Withdraw loan" or such button under loans? Or loan aspect is still under construction and not for testing?

The site is a giant leap forward after almost a year of micro stepping.

[brendio]

Should this thread be moved to the securities sub-forum. It seems like its out of 'development' now.

It gets a bit lost by itself in here.